Emini S&P First Support At 1880/75

Published 01/27/2016, 05:55 AM
Updated 07/09/2023, 06:31 AM

S&P Chart

Emini S&P first support in the 1880/75 band today but below here meets support at 1868/66. A break below here is more negative and targets 1855/53. A break below 1850 targets quite good support at 1844/42. If this does not hold the downside we target 1826 then 1826/25.

Holding 1880/75 targets 1886/87 then 1894/95. Above 1900 meets strong resistance up to 1906/08. A good chance of a high for the day but shorts need stops above 1912. A break higher would target 1919/21 then 1927. If we continue higher this week look for a selling opportunity at 1936/39.

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